STRASBURG, Va., Nov. 19, 2012 /PRNewswire/ -- First National Corporation (the "Company") (OTCBB: FXNC), the parent company of First Bank (the "Bank"), announced today that Jim Youngblood has joined the Bank as Executive Vice President and Senior Lending Officer. In his role as Senior Lending Officer, Jim will lead the development, management and control of all loan origination activities, and credit extension activities of commercial, mortgage, and consumer loan departments. Mr. Youngblood has been a leader in the northern Shenandoah Valley for many years. A local community banker since 1988, Youngblood has served as a senior lender, a regional market president, and as the Chief Executive Officer of an independent community bank. His involvement and leadership in community activities runs deep as does his commitment to community banking. Jim serves on the boards of Shenandoah Area Boy Scouts of America, NW Works, Inc. and the Winchester Rotary Club.

Scott C. Harvard, President and Chief Executive Officer of the Company and the Bank stated, "We are excited to have an experienced banker and leader like Jim join the First Bank team. Jim epitomizes the First Bank commitment to community, to customer service, and to community banking. His support of our core values combined with his strong skills as a lender and as a leader will make him an excellent addition to our banking company. As a local independent community bank, we understand that banking is a people business. It is great to have a person like Jim joining our team."

Youngblood added, "The opportunity to serve as Senior Lender of a northern Shenandoah Valley headquartered community bank is exciting to me. I have lived here my whole life and have great respect for the residents and businesses of the area. First Bank has an outstanding reputation of serving the communities of the Valley for over 100 years; I am glad to be a part of the team."

Mr. Youngblood graduated from West Virginia University with a B.S. degree in Finance and from Shenandoah University with a Master's degree in Business Administration. In 1998, he completed the Graduate School of Banking at Louisiana State University. Jim and his family live in Winchester, Virginia.

About the Company

First National Corporation is a 105 year old local independent banking company headquartered in Strasburg, Virginia, and is the bank holding company of First Bank. First Bank offers loan, deposit, trust and investment products and services from 10 branch offices in the northern Shenandoah Valley region of Virginia, including Shenandoah County, Warren County, Frederick County and the City of Winchester. First Bank also owns First Bank Financial Services, Inc., which invests in entities that provide investment services and title insurance.

Cautionary Statements

The Company notes to investors that past results of operations do not necessarily indicate future results. Certain factors that affect the Company's operations and business environment are subject to uncertainties that could in turn affect future results. These factors are identified in the Company's Annual Report on Form 10-K for the year ended December 31, 2011 and its other reports, which can be accessed from the Company's website at www.fbvirginia.com, as filed with the Securities and Exchange Commission.